Reuters US Business

(Reuters) -U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday. The increase is lower than the 3.7% growth Mastercard forecast in September and last year’s 7.6% rise as higher interest rates and inflation pressured consumer spending. Amazon.com …

US holiday retail sales grow 3.1%, down from prior year -Mastercard Read More »

By Sabrina Valle HOUSTON (Reuters) – Wall Street analysts are trimming their earnings estimates for Chevron Corp and employees are preparing for potential job cuts as a series of operational setbacks are poised to bleed into 2024. Chevron in 2023 was hit by reversals at two key oil producing regions – the U.S. Permian and …

Wall Street analysts trim Chevron views as setbacks mount Read More »

JERUSALEM (Reuters) -Israel’s government agreed to give Intel Corp a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday. The news comes as Israel remains locked in a war with Palestinian militant group Hamas in the wake of the Oct. 7 Hamas attack …

Intel to get $3.2 billion government grant for new $25 billion Israel chip plant Read More »

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda must change his communication style that is confusing markets into believing an exit from ultra-loose monetary policy is imminent, former BOJ board member Takako Masai told Reuters. Less than a year into the job, Ueda has already wrong-footed markets twice …

Ex-BOJ board member criticises governor Ueda’s market messaging Read More »

By Steven Scheer JERUSALEM (Reuters) – U.S. chipmaker Nvidia and its employees have donated $15 million to Israeli and foreign non-profit organisations that are supporting civilians affected by Israel’s war with Palestinian militant group Hamas. Thousands of employees from more than 30 countries donated a total of $5 million, which the company matched and doubled …

Chipmaker Nvidia raises $15 million for non-profits helping Israel-Hamas war-hit civilians Read More »

By Emma Rumney and Arriana McLymore LONDON/NEW YORK (Reuters) – Major distillers want American drinkers to sip their Old Fashioneds, Negronis and Espresso Martinis this holiday season. But no bartender is required: these cocktails come bottled. Diageo and Pernod Ricard have both launched bottled cocktails in the United States in recent months, hoping to tap …

Don’t shake or stir: drinks firms push bottled cocktails for the holidays Read More »

(Reuters) -U.S. oil giant ConocoPhillips on Friday gave the financial greenlight to its $8 billion Willow oil and gas drilling project in Alaska. “With this project authorization, we’ve begun winter construction,” CEO Ryan Lance said. Environmental and indigenous groups in November asked a federal court in Alaska to temporarily bar ConocoPhillips from going forward with …

ConocoPhillips to move forward with development of Willow project in Alaska Read More »

By Suzanne McGee and Hannah Lang (Reuters) – U.S. SEC officials met on Thursday with representatives of at least seven companies hoping to launch exchange-traded funds (ETFs) tied to spot bitcoin early in 2024, and told at least two to submit final changes by the end of next week, according to public memos and two …

SEC tells spot bitcoin ETF hopefuls to make final changes by year-end -sources Read More »